WASHINGTON — The Coalition for a Prosperous America (CPA) today announced its support for Katherine Tai’s nomination to serve as U.S. Trade Representative (USTR). CPA is the only national, bipartisan organization representing exclusively domestic producers across many sectors of the U.S. economy. CPA believes in working towards a new and positive U.S. trade policy that…
By Kenneth Rapoza, CPA Industry Analyst Following her Senate hearing, future USTR Katherine Tai responds to written questions. Here’s how she handled questions on the Section 301 China tariffs, solar and Biden’s Made in America Executive Order. Fresh off her hearing with the Senate Finance Committee, Biden’s pick for USTR, Katherine Tai, has now responded…
WASHINGTON — The Coalition for a Prosperous America (CPA) today recommended that President Joe Biden should address the overvaluation of the U.S. dollar in order to bring back manufacturing jobs to the United States as part of his administration’s Build Back Better initiative. As first reported by The New York Times, CPA presented ideas on…
By Kenneth Rapoza, CPA Industry Analyst China is increasing its coal capacity at a time when the US and Europe are increasingly worried about climate change. The Biden administration has come out with at least two major talking points (three, if you count diversity and inclusion) since winning the White House. Both run counter to…
By Kenneth Rapoza, CPA Industry Analyst Katherine Tai inches closer to being confirmed as new US Trade Representative. While she spoke cautiously about the direction tariffs will take on China and some products like solar, she understands their purpose. Here’s an overview of her hearing on Thursday. After Thursday’s Senate Finance Committee hearing with Katherine…
By Kenneth Rapoza, CPA Industry Analyst If the Biden Administration is going to restrict polluting industries at home, what about those who pollute overseas, and then import the goods they make to the United States? If the US and Canada are at all serious in their latest threat to treat high polluting countries differently from…
By Kenneth Rapoza, CPA Industry Analyst New York-based manufacturing firm Optimation is an example of the unsung, anonymous tooling companies in the middle of the American supply chain that are needed to make everything from peanut butter factory equipment, to giant concrete bases for windmills. Without them, it would make more sense to build elsewhere…
By Kenneth Rapoza, CPA Industry Analyst Katherine Tai reportedly gave the Business Roundtable some clues as to where Biden’s tariff policy is heading. Potential new US Trade Representative, Katherine Tai, reportedly told the Business Roundtable that lobbying for tariff removal won’t work, at least for the time being. She said companies keen to keep the…
By Kenneth Rapoza, CPA Industry Analyst What countries and what products helped lead to an historic trade deficit in the middle of a global pandemic. The biggest takeaway from 2020 trade: Vietnam is now China’s offshore lovechild. And Switzerland’s currency maneuvers gave it the biggest jump in its trade gap with the US, ever. Demand…
By Kenneth Rapoza, CPA Industry Analyst The US says there will be no new vacancy slots filled at the World Trade Organization’s Appellate Body due to a number of “systemic” problems. Biden sticking with Trump’s policy for now. In continuing with the Trump administration’s hard tack against the World Trade Organization, the Biden administration said…